GAMMA Investing LLC Buys 816 Shares of UGI Co. (NYSE:UGI)

GAMMA Investing LLC raised its position in shares of UGI Co. (NYSE:UGI) by 62.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,115 shares of the utilities provider’s stock after acquiring an additional 816 shares during the period. GAMMA Investing LLC’s holdings in UGI were worth $52,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UGI. Transcendent Capital Group LLC acquired a new position in UGI in the 4th quarter valued at $39,000. Neo Ivy Capital Management bought a new stake in shares of UGI in the fourth quarter valued at about $40,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of UGI in the fourth quarter valued at about $64,000. Global Retirement Partners LLC raised its stake in UGI by 32.6% in the 4th quarter. Global Retirement Partners LLC now owns 4,425 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 1,089 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in UGI in the 4th quarter valued at about $136,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

UGI Trading Up 1.4 %

UGI stock opened at $23.07 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.21 and a quick ratio of 1.01. UGI Co. has a 52 week low of $20.19 and a 52 week high of $27.78. The stock has a fifty day moving average of $24.26 and a 200-day moving average of $24.09.

UGI (NYSE:UGI) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.65 by $0.32. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business’s quarterly revenue was down 20.6% on a year-over-year basis. Equities research analysts forecast that UGI Co. will post 2.92 EPS for the current fiscal year.

UGI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.50%. UGI’s payout ratio is presently -365.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UGI shares. Wells Fargo & Company dropped their price target on shares of UGI from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Mizuho increased their target price on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, StockNews.com raised UGI from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.

UGI Company Profile

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.